Treehouse Foods (NYSE: THS) reported Q2 EPS of $0.66, $0.04 better than the analyst estimate of $0.62. Revenue for the quarter came in at $759.2 million versus the consensus estimate of $817.44 million.

Treehouse Foods sees FY2015 EPS of $3.00-$3.15, versus the consensus of $3.44.

"Our volume/mix in the second quarter decreased 4.2% on an organic basis; however, the comparison is against organic volume/mix growth in 2014 of over 5%. Our legacy product categories, with the exception of coffee, posted year-over-year margin growth of nearly 150 basis points, demonstrating that we are clearly seeing the benefits of our simplification programs and internal efficiency initiatives. As well, we are showing signs of real progress and recovery at Flagstone Foods, our most recent acquisition," said Sam K. Reed, Chairman, President and Chief Executive Officer.

"On the other hand, challenges in the single serve beverages market have escalated, driven by aggressive private label pricing that resulted in coffee margin deterioration of roughly 20 percentage points year-over-year in the second quarter. We had not expected this level of competitive pressure, most of which is being driven by the brand leader. Despite the price competition, we have made progress in expanding distribution that will manifest in 2016 as our customers see that we are committed to customer brands and custom products," continued Mr. Reed.

For earnings history and earnings-related data on Treehouse Foods (THS) click here.